MIRA INFORM REPORT

 

 

Report Date :           

09.06.2011

 

IDENTIFICATION DETAILS

 

Correct Name :

FOREST FIBERS  INC

 

 

Registered Office :

5000, Armand-Frappier Saint-Hubert (Québec)J3z 1g5,

 

 

Country :

Canada              

 

 

Date of Incorporation :

04.09.2001

 

 

Legal Form :

Corporation for Profit

 

 

Line of Business :

Exporters of paper products

 

RATING & COMMENTS

 

MIRA’s Rating :

Ba

 

RATING

STATUS

PROPOSED CREDIT LINE

41-55

Ba

Overall operation is considered normal. Capable to meet normal commitments.

Satisfactory

 

Status :

Satisfactory

 

 

Payment Behaviour :

Usually Correct 

 

 

Litigation :

Clear

 

 

NOTES :

Any query related to this report can be made on e-mail : infodept@mirainform.com while quoting report number, name and date.

 

 

ECGC Country Risk Classification List – March 31st, 2011

 

Country Name

Previous Rating

                   (31.12.2010)                  

Current Rating

(31.03.2011)

Canada

a1

a1

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 

 Bottom of Form

 

GEOPOLITICS - CANADA

 

POLITICAL DATA

ECONOMIC DATA

Form of Government: Federal


Economic Risk: Nil

Currency: CAD

Branch Situation: Stable

 

 

IDENTIFICATIOn

 

Ordered as:

C & C Fibers

Address in the order:

1530 Rougemont Crescent Brossard QC J4X 2V1

Legal Name:

FOREST FIBERS  INC

Trade Name:

C & C FIBERS FIBRES C & C.

Legal Address

5000, ARMAND-FRAPPIER SAINT-HUBERT (QUÉBEC)J3Z 1G5, CANADA              

Operative Address

1530, ROUGEMONT CRESCENT BROSSARD (QUÉBEC), CANADA

Mailing Address

5 PLACE VILLE-MARIE, BUREAU 1203, H3B 2G2, MONTRÉAL, Québec, CA

Telephone:

+1 (450)-46-66 688     

Document Number :

1160304631

Fax:

+1 (450)-46-68 870

Legal Form:

Corporation for Profit

Email:

dc@forestfibersinc.com

Registered in:

Quebec

Website:

www.forestfibersinc.com

Date Created:

August, 28th, 2001

Manager:

Domenic Colubriale, President

Date Incorporated:

September, 04th, 2001

Staff:

15 employees

Stock:

NA

 

 

Value:

NA

Activity:

Exporters of paper products.

 

 

BANKS

 

Name of the Bank

Royal Bank of Canada

 

 

BUSINESS

 

HISTORY

 

Forest Fibers Inc is a private company created in 2001, the company has several years experience in industry.

The subject is registered in Quebec since September 2001.

PRINCIPAL ACTIVITY

 

Forest Fibers specializes in exporting paper products and specialty of every grade all over the world. It is also a recycling business.

Products/Services description:

 

All grades of papers foil laminated, poly board and all specialty grades.

Sales are:

 

Wholesale

Suppliers:

 

Recycling plants, paper converting plants, printing companies, paper mills, and other major suppliers of paper products.

Operations area:

 

National, International

The company export to China, India ,Western Europe and South America

Trade References:

 

Despite our searches we were not able to find any company's trade references.

The subject employs 15 employee(s)

PAYMENTS

 

Regular

LOCATION

Headquarters

 

The company is headquartered at 1530, Rougemont Crescent Brossard, Quebec, J4X2V1, Canada



Shareholders - Manager - Related Companies

 

Listed at the stock exchange:

 

NO

Shareholders Parent Company(ies):

 

THE D.A.C. FAMILY TRUST located at: 7555, RUE DE LUGANO BROSSARD (QUÉBEC)J4Y 3G2, CA, is the Main shareholder

Management:

 

COLUBRIALE DOMINIC, President

COLUBRIALE FRANCK, CFO

Related Companies:

 

- Forest Fibers Transport

- Forest Fibers Logistics

     

 

 

Financials - COMMERCIAL TRENDS AND FORECAST

 

As a private company the subject does not publish any financial statements.

Our source exceptionally gave us the company’s turnover in USD.

 

Currency

DATE

USD

2010

Turnover

4,000,000

The cash flow is

Normal

 

 

Currency

DATE

USD

2009

Turnover

3,940,480

The cash flow is

Normal

 

Legal Fillings

 The sources consulted record no detrimental legal or labor court information.

 

 



Rating

 

Local credit bureau gave a correct credit rate.

 

The company is in Good Standing. This means that all local and federal taxes were paid on due date.

 Final Opinion

 

The company 9 years of experience in the business.

 

It's a small size business with 15 employees.

 

The company’s turnover can be considered fair for the company’s size.

 

The turnover has slightly increased in 2010.

 

Moreover, the profitability is still correct and the length of payment remains regular.

 

A small credit line can be granted.

 

A business connection can be conducted.

 

Nevertheless, We suggest making a follow-up report within 12 months to monitor the company’s evolution.

 

 

 

SUMMARY

 


FINANCIAL SUMMARY


DEBT COLLECTIONS AND PAYMENTS

Profitability

CORRECT

Public

NO

Indebtedness

CONTROLLED

Payments

REGULAR

Cash

CORRECT

 

 

 



APPENDIX

 

Position

 

Operator

Comments

 

She was able to confirm us some information in the report.

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.44.61

UK Pound

1

Rs.73.28

Euro

1

Rs.65.47

 

 

RATING EXPLANATIONS

 

RATING

STATUS

 

 

PROPOSED CREDIT LINE

>86

Aaa

Possesses an extremely sound financial base with the strongest capability for timely payment of interest and principal sums

 

Unlimited

71-85

Aa

Possesses adequate working capital. No caution needed for credit transaction. It has above average (strong) capability for payment of interest and principal sums

 

Large

56-70

A

Financial & operational base are regarded healthy. General unfavourable factors will not cause fatal effect. Satisfactory capability for payment of interest and principal sums

 

Fairly Large

41-55

Ba

Overall operation is considered normal. Capable to meet normal commitments.

 

Satisfactory

26-40

B

Capability to overcome financial difficulties seems comparatively below average.

 

Small

11-25

Ca

Adverse factors are apparent. Repayment of interest and principal sums in default or expected to be in default upon maturity

 

Limited with full security

<10

C

Absolute credit risk exists. Caution needed to be exercised

 

 

Credit not recommended

----

NB

New Business

----

 

This score serves as a reference to assess SC’s credit risk and to set the amount of credit to be extended. It is calculated from a composite of weighted scores obtained from each of the major sections of this report. The assessed factors and their relative weights (as indicated through %) are as follows:

 

Financial condition (40%)            Ownership background (20%)                 Payment record (10%)

Credit history (10%)                    Market trend (10%)                                Operational size (10%)

 

 

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.